Permian Basin Royalty Trust (NYSE:PBT) 2017 Q4 Sentiment Report

May 22, 2018 - By Marry Poplack

Sentiment for Permian Basin Royalty Trust (NYSE:PBT)

Permian Basin Royalty Trust (NYSE:PBT) institutional sentiment increased to 0.96 in 2017 Q4. Its up 0.12, from 0.84 in 2017Q3. The ratio has increased, as 22 hedge funds started new and increased equity positions, while 23 reduced and sold their positions in Permian Basin Royalty Trust. The hedge funds in our partner’s database now own: 4.55 million shares, up from 4.41 million shares in 2017Q3. Also, the number of hedge funds holding Permian Basin Royalty Trust in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 14 Increased: 12 New Position: 10.

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various gas and oil properties in the United States. The company has market cap of $469.35 million. The firm owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas. It has a 16.01 P/E ratio. As of December 31, 2016, its Waddell Ranch properties contained 349 net productive oil wells, 64 net productive gas wells, and 102 net injection wells.

The stock decreased 0.30% or $0.0301 during the last trading session, reaching $10.0699. About 48,122 shares traded. Permian Basin Royalty Trust (NYSE:PBT) has risen 5.95% since May 22, 2017 and is uptrending. It has underperformed by 5.60% the S&P500.

Foundation Resource Management Inc holds 1.74% of its portfolio in Permian Basin Royalty Trust for 1.09 million shares. Mraz Amerine & Associates Inc. owns 74,650 shares or 0.2% of their US portfolio. Moreover, Horizon Kinetics Llc has 0.13% invested in the company for 493,553 shares. The Ohio-based Beese Fulmer Investment Management Inc. has invested 0.11% in the stock. Mcgowan Group Asset Management Inc., a Texas-based fund reported 72,209 shares.

Another recent and important Permian Basin Royalty Trust (NYSE:PBT) news was published by Prnewswire.com which published an article titled: “Permian Basin Royalty Trust Announces May Cash Distribution” on May 18, 2018.

Permian Basin Royalty Trust (NYSE:PBT) Institutional Positions Chart

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